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WITCHER [35]
3 years ago
5

Harper Company lends Hewell Company $14,400 on March 1, accepting a four-month, 6% interest note. Harper Company prepares financ

ial statements on March 31. What adjusting entry should be made before the financial statements can be prepared
Business
1 answer:
azamat3 years ago
6 0

Answer:

Dr Interest Receivable $72

Cr Interest Revenue $72

Explanation:

Based on the information given the appropriate adjusting journal entry that should be made before the financial statements can be prepared will be to Dr Interest Receivable $72 and Cr Interest Revenue $72.

Dr Interest Receivable $72

Cr Interest Revenue $72

($14,400 × 6% × (1 months ÷ 12 months)]

$72

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Skolits Corp. issued 10-year bonds 2 years ago at a coupon rate of 8.7 percent. The bonds make semiannual payments. If these bon
kykrilka [37]

Answer:

7.36%

Explanation:

Nper = (10-2)*2 = 16

Pmt = 1000*8.7%/2 = 43.5

Pv = -108%*1000 = -1080

Fv = 1000

YTM = Rate(Nper, pmt, -Pv, Fv)*2

YTM = Rate(16, 43.5, -1080, 1000)*2

YTM = 0.036795696 * 2

YTM = 0.073591392

YTM = 7.3591392%

YTM = 7.36%

6 0
3 years ago
Rico does not work for Street Bikes Company, but wrongfully obtains inside information concerning the firm. Based on the informa
Juli2301 [7.4K]

Answer: The misappropriation theory

Explanation:

 The misappropriation theory is basically describe about the various types of security fraud violation against the data source.

It is basically uses for the insider trading and when the individual person misusing the confidential data or information and also violating all the securities laws.

According to the question, the given argument is basically describe about the misappropriation theory.

Therefore, The misappropriation theory is the correct answer.  

5 0
3 years ago
When the economy suffers a downturn and the incomes of many people decrease, vacationers are more likely to take car trips than
inysia [295]

Answer: Air travel is a normal good and vacation travel by car is an inferior good

Explanation: What is a normal good and what is an inferior good.

Normal goods are those goods for which the demand rises as consumer income rises. While inferior goods are goods whose demand increases when consumer income decreases.

This therefore means that the demand of inferior goods is inversely related to the income of the consumer.

From the question above, we can say that car trips are inferior goods while the air travel are normal goods.

3 0
4 years ago
Read 2 more answers
Persons considered low income receive worse care than high-income persons for about 80% of core health care measures quizlet
kogti [31]

This statement is true. Members of racial and ethnic minorities are frequently given lower-quality care and are less likely to obtain preventative health services than white people. Additionally, they experience worse health outcomes for a few illnesses.

How are minorities affected by healthcare?

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How does socioeconomic status affect health care?

Access to healthcare is significantly impacted by low SES. Low-income individuals are more likely to be Medicaid beneficiaries or uninsured, have worse quality healthcare, seek medical attention less frequently, and are more likely to do so in an emergency.

Learn more about socioeconomic status affect health care: brainly.com/question/12482069

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6 0
2 years ago
Cash Flows from Operating Activities—Indirect Method The net income reported on the income statement for the current year was $1
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Explanation:

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